10:43 AM EDT, 09/04/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving modestly higher Wednesday morning, advancing 0.1% to 1,924.7 on the S&P Asia 50 ADR Index.

From North Asia, the gainers were led by online automotive platform Autohome ( ATHM ) and casino and resort operator Melco Resorts & Entertainment ( MLCO ) , which rose 7.4% and 4.6% respectively. They were followed by video-sharing platform Bilibili ( BILI ) and automotive e-commerce platform TuanChe ( TC ) , which increased 4.2% and 3.5% respectively.

The decliners from North Asia were led by brand platform 36Kr (KRKR) and digital healthcare platform 111 (YI), which fell 7.4% and 6.5% respectively. They were followed by online game developer The9 ( NCTY ) and used car e-commerce platform Uxin ( UXIN ) , which dropped 4.3% and 2.3% respectively.

From South Asia, the gainers were led by telecommunications operator Telekomunikasi Indonesia (TLK) and financial services company HDFC Bank ( HDB ) , which were up 1.2% each. They were followed by pharmaceutical company Dr. Reddy's Laboratories (RDY) and financial services company ICICI Bank ( IBN ) , which increased 1% and 0.6% respectively.

The decliners from South Asia were led by IT companies Sify Technologies ( SIFY ) , which tumbled 16%, and Wipro ( WIT ) , which fell 1.3%. They were followed by telecommunications operator PLDT ( PHI ) and tech conglomerate Sea (SE), which were down 0.7% and 0.1% respectively.